Toyobo Co., Ltd. · TSE:3101

Toyobo — Q3 FY3/24 Earnings Presentation

21 slides from Toyobo's earnings presentation, Feb 8, 2024

  1. Slide 1: Presentation to Investors for the Third Quarter Ended December 31, 2023

    February 8, 2024 Presentation to Investors for the Third Quarter Ended December 31, 2023 TOYOBO CO., LTD.

  2. Slide 2: Highlights

    Highlights Q3 FY 3/24 Results Sales increased and operating profit decreased due to decline in demand for reagents for PCR testing and volume decline for packaging film despite sales of polarizer protective films for LCDs increased. Profit attributable to owners of parent was ¥1.6 billion. Profit at

  3. Slide 3: (Reference) Operating Profit by Quarter

    (Reference) Operating Profit by Quarter (¥ bn.) 10.0 8.0 6.0 4.0 2.0 0.0 -2.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY 3/21 FY 3/22 FY 3/23 FY 3/24 3

  4. Slide 4: Summary of Results: P&L

    Summary of Results: P&L (¥ bn.) Q3 FY 3/23 Q3 FY 3/24 YOY (cumulative) (cumulative) Amount % Net sales 298.7 307.3 +8.6 +2.9% Gross profit 65.3 64.8 - 0.5 - 0.8% Operating profit 9.6 5.0 - 4.6 - 47.8% (Ratio to sales) 3.2% 1.6% - - Ordinary profit 6.9 2.4 - 4.5 - 65.5% Extraordinary income and losse

  5. Slide 5: Analysis in Changes in Operating Profit

    Analysis in Changes in Operating Profit (¥ bn.) 15.0 Prices Volume Raw material and fuel costs + 3.6 - 3.9 10.0 - 2.0 Others - 2.3 - Films - Resin and chemicals 5.0 9.6 - Reagents for PCR testing (-) - R&D expenses - Packaging film (-) - Cost to launch new unit of films - Industrial film (+) - VOC r

  6. Slide 6: Summary of Results: BS

    Summary of Results: BS (B) (A) (¥ bn.) Mar. 31, 2022 Mar. 31, 2023 Dec. 31, 2023 (A)-(B) Total assets 517.8 588.9 584.4 - 4.5 Cash and deposits 27.2 60.7 27.9 - 32.8 Inventories 96.0 121.9 125.0 +3.1 Property, plant and equipment 227.6 240.2 270.7 +30.5 Net assets 197.1 221.4 220.9 - 0.5 Shareholder

  7. Slide 7: Summary of Results: Segment

    Summary of Results: Segment (¥ bn.) Net sales Operating profit 3Q FY 3/23 3Q FY 3/24 3Q FY 3/23 3Q FY 3/24 YOY (cumulative) (cumulative) (cumulative) (cumulative) Films 110.0 117.4 2.0 1.5 - 0.5 Life Science 29.3 25.3 8.0 3.5 - 4.5 Environmental and Functional Materials 82.5 86.2 2.9 3.0 +0.1 Functi

  8. Slide 8: (Reference) Operating Profit by Quarter (by Segment)

    （Reference) Operating Profit by Quarter (by Segment) (¥ bn.) FY 3/23 FY 3/24 Q1 Q2 Q3 Q4* Q1 Q2 Q3 Films 2.5 - 0.0 - 0.4 - 0.4 1.2 0.2 0.1 Life Science 2.1 3.3 2.6 1.2 1.4 1.0 1.1 Environmental and Functional Materials 0.9 1.2 0.8 1.1 - 0.7 1.0 2.6 Functional Textiles and Trading - 0.4 - 0.7 - 0.7 -

  9. Slide 9: Films

    Films (¥ bn.) FY 3/23 FY 3/24 Q3 cumulative YOY Q3 Q3 H1 Q3 H1 Q3 Amount % (cumulative) (cumulative) Net sales 74.3 35.6 110.0 78.1 39.3 117.4 +7.4 +6.7% Operating profit 2.4 - 0.4 2.0 1.4 0.1 1.5 - 0.5 - 25.3% (OPM) 3.3% - 1.8% 1.8% 0.2% 1.3% - - Packaging film - While we worked on product price re

  10. Slide 10: Life Science

    Life Science (¥ bn.) FY 3/23 FY 3/24 Q3 cumulative YOY Q3 Q3 H1 Q3 H1 Q3 Amount % (cumulative) (cumulative) Net sales 19.3 10.0 29.3 16.6 8.7 25.3 - 4.1 - 13.8% Operating profit 5.4 2.6 8.0 2.4 1.1 3.5 - 4.5 - 56.3% (OPM) 28.0% 25.5% 27.2% 14.5% 12.5% 13.8% - - Biotechnology - Sales of reagents for

  11. Slide 11: Environmental and Functional Materials

    Environmental and Functional Materials (¥ bn.) FY 3/23 FY 3/24 Q3 cumulative YOY Q3 Q3 H1 Q3 H1 Q3 Amount % (cumulative) (cumulative) Net sales 55.7 26.7 82.5 52.5 33.6 86.2 +3.7 +4.5% Operating profit 2.1 0.8 2.9 0.4 2.6 3.0 +0.1 +2.5% (OPM) 3.8% 3.0% 3.6% 0.7% 7.8% 3.5% - - Resin and chemicals - E

  12. Slide 12: Functional Textiles and Trading

    Functional Textiles and Trading (¥ bn.) FY 3/23 FY 3/24 Q3 cumulative YOY Q3 Q3 H1 Q3 H1 Q3 Amount % (cumulative) (cumulative) Net sales 45.3 22.3 67.6 45.7 23.2 68.9 +1.3 +1.9% Operating profit - 1.1 - 0.7 - 1.8 - 0.9 - 0.7 - 1.5 +0.2 - (OPM) - - - - - - - - Textiles - Earnings improved as a result

  13. Slide 13: Forecasts for FY 3/24

    Forecasts for FY 3/24 The operating profit forecast is revised downward to ¥8.0 billion due to the delayed in recovery of packaging film, etc., although sales of polarizer protective films for LCDs are strong. Net profit forecast of ¥1.0 billion remains unchanged. Dividend remains unchanged as well.

  14. Slide 14: Analysis in Changes in Operating Profit

    Analysis in Changes in Operating Profit (¥ bn.) Prices Volume 15.0 + 4.4 - 2.2 Raw material Others and fuel costs - 3.3 - 1.0 10.0 - Films - Resin and chemicals - R&D expenses 5.0 10.1 - Reagents for PCR testing (-) - Depreciation 8.0 - Packaging film (-) - Cost to launch new unit of films - Industr

  15. Slide 15: Forecasts by Segment

    Forecasts by Segment (¥ bn.) Net sales Operating profit FY 3/23 FY 3/24 FY 3/23 FY 3/24 Previous YOY forecasts Results* Forecasts Results* Forecasts (Nov. 2023) Films 146.1 155.0 1.6 3.0 +1.4 5.5 Life Science 38.1 34.0 9.2 4.5 - 4.7 4.7 Envrionmental and Functional Materials 110.8 115.0 4.0 4.0 - 0.

  16. Slide 16: Appendix

    TOYOBO Appendix

  17. Slide 17: Business performance

    Business performance (¥bn.) FY 3/23 FY 3/24 Net sales Q1 Q2 Q3 Q4* Full year* Q1 Q2 Q3 Films 39.2 35.2 35.6 36.1 146.1 39.0 39.1 39.3 Life Science 8.7 10.6 10.0 8.8 38.1 8.1 8.4 8.7 Environmental and Functional Materials 27.9 27.8 26.7 28.3 110.8 25.0 27.6 33.6 Functional Textiles and Trading 22.2 2

  18. Slide 18: Topic: Environmental and Functional Materials

    Topic｜Environmental and Functional Materials Practical use of “vitrimers”* *Highly functional polymer with reforming, self-adhesive and self-healing. “Vitrimer" is a registered trademark of FONDS ESPCI PARIS. - Used for adhering electronic parts to flexible printed circuits and other components. Dem

  19. Slide 19: Topic: Carbon Neutral

    Topic｜Carbon Neutral Renewal of in-house thermal power generation plant at Iwakuni Production Center in Oct. 2023 - Transition of the fuel from coal to liquid natural gas (LNG) and RPF*. *RPF: Solid fuel made mainly from used paper and waste plastic - Reduce GHG emissions by 80,000 tons per year. (E

  20. Slide 20: Please Note

    Please Note The business performance forecasts and targets included in the business plans contained in this presentation are based on information known to the Company’s management as of the day of presentation. Please be aware that the content of the future forecasts may differ significantly from ac

  21. Slide 21: ©️ TOYOBO CO., LTD. All rights reserved.

    ©️ TOYOBO CO., LTD. All rights reserved.

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